Marathon Digital (NASDAQ:MARA) Trading Up 6.5% – Here’s What Happened

Marathon Digital Holdings, Inc. (NASDAQ:MARA) shares were up 6.5% during mid-day trading on Wednesday . The company traded as high as $8.84 and last traded at $8.57. Approximately 57,073,923 shares were traded during mid-day trading, an increase of 27% from the average daily volume of 45,055,469 shares. The stock had previously closed at $8.05.

Marathon Digital News Roundup

Here are the key news stories impacting Marathon Digital this week:

• Positive Sentiment: Major strategic pivot: MARA announced a partnership with Starwood to convert Bitcoin-mining campuses into AI/HPC-ready data centers (targeting ~1 GW near-term, larger ambitions after). This reframes Marathon as an AI/infra play and reduces pure Bitcoin-price exposure. MARA’s AI Data Center Pivot: Starwood Partnership Targets 2.5 GW
• Positive Sentiment: Market reaction to the AI venture: reporters and traders bid the stock up after the partnership was disclosed, citing the potential for steadier, higher-margin revenue from AI infrastructure. Marathon Digital surges 13% on AI infrastructure venture
• Positive Sentiment: Unusual bullish options flow: investors bought ~346,617 call contracts (≈36% above typical daily call volume), signaling speculative/hedged bullish positioning that can amplify upside moves intraday. (No external link provided.)
• Neutral Sentiment: Cantor Fitzgerald adjusted its model: the firm lowered its price target from $21 to $11 but kept an “overweight” rating — the new PT still implies upside from current levels, though the cut signals raised near-term uncertainty. Cantor Fitzgerald price target cut
• Neutral Sentiment: HC Wainwright reaffirmed a “neutral” rating on MARA, leaving analyst sentiment mixed across the street. HC Wainwright rating
• Negative Sentiment: Weak quarter and large non‑cash loss: Q4 results missed expectations — EPS well below estimates and revenue below consensus — driven in part by Bitcoin price-related fair‑value adjustments. The miss increases short-term volatility risk and gives analysts reason to trim models. MARA Q4 2025 Earnings Call Highlights

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MARA shares. Piper Sandler lowered their price target on Marathon Digital from $26.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 14th. JPMorgan Chase & Co. reduced their target price on shares of Marathon Digital from $20.00 to $13.00 and set an “overweight” rating on the stock in a research note on Monday, November 24th. Compass Point raised shares of Marathon Digital from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Monday, November 24th. Rosenblatt Securities reduced their price target on shares of Marathon Digital from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Finally, HC Wainwright reaffirmed a “neutral” rating on shares of Marathon Digital in a report on Friday. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Marathon Digital Trading Up 5.8%

The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.63. The company has a market cap of $3.38 billion, a P/E ratio of -2.26 and a beta of 5.56. The business has a 50-day moving average price of $9.33 and a two-hundred day moving average price of $13.49.

Marathon Digital (NASDAQ:MARA) last announced its quarterly earnings data on Thursday, February 26th. The business services provider reported ($4.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($4.29). Marathon Digital had a negative return on equity of 17.88% and a negative net margin of 144.58%.The firm had revenue of $202.31 million during the quarter, compared to analyst estimates of $250.74 million. During the same quarter in the previous year, the business earned $1.24 earnings per share. Marathon Digital’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, analysts predict that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current year.

Insider Buying and Selling

In related news, CFO Salman Hassan Khan sold 16,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $7.66, for a total value of $122,560.00. Following the transaction, the chief financial officer directly owned 359,165 shares in the company, valued at $2,751,203.90. This represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of Marathon Digital stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $7.66, for a total transaction of $210,688.30. Following the sale, the chief executive officer directly owned 3,381,861 shares of the company’s stock, valued at $25,905,055.26. This represents a 0.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 133,247 shares of company stock valued at $1,325,255. 0.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Marathon Digital

Several institutional investors and hedge funds have recently made changes to their positions in MARA. Hollencrest Capital Management increased its holdings in shares of Marathon Digital by 2,407.4% in the third quarter. Hollencrest Capital Management now owns 1,354 shares of the business services provider’s stock worth $25,000 after acquiring an additional 1,300 shares in the last quarter. Estabrook Capital Management bought a new stake in shares of Marathon Digital during the second quarter worth $31,000. Bessemer Group Inc. boosted its stake in Marathon Digital by 56.8% in the 3rd quarter. Bessemer Group Inc. now owns 1,819 shares of the business services provider’s stock worth $33,000 after purchasing an additional 659 shares during the period. Eurizon Capital SGR S.p.A. bought a new position in Marathon Digital during the 4th quarter worth about $36,000. Finally, Hantz Financial Services Inc. increased its holdings in Marathon Digital by 344.8% during the 4th quarter. Hantz Financial Services Inc. now owns 5,022 shares of the business services provider’s stock worth $45,000 after purchasing an additional 3,893 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

About Marathon Digital

Marathon Digital Holdings, Inc is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.

The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York.